Corel Corp. Message Board

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Technology Stocks : Corel Corp.

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To: Vanni Resta who wrote (1810)	9/3/1997 3:44:00 PM
From: A. Hayer	of 9798

Almost correct. The Dominion 'buy' rating (still a buy) moved the stock from the high 5 range to the mid 6 range on strong volume. The Java news brought the stock down to the high 5 range again but on "low" volume. Wood Gundy, which moved a lot of the stock on the TSE on the way up, was not a mover on the way down. By the way, the main downgrade came from AG Edwards, and it had nothing to do with Corel. Jean Orr, the analyst covering COSFF, left Edwards and the new analysts covering COSFF issued a 'hold' to give them time to meet with Corel. I don't know if you realize, but the 150% upward earnings revsion that moved you into this stock was really just an accounting adjustment the analysts incorporated into their earnings models to reflect the Q2 technology write off. You walked into this stock for all the wrong reasons. ah

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